Ethereum (ETH) is trading at $4,300, up 18% over the past week, with its market capitalization climbing to almost $520 billion.
The strong momentum has brought ETH within striking distance of its $4,300 resistance level, a zone that multiple analysts say could unlock a fresh rally toward $5,241.
The recent surge has been fueled by bullish sentiment across the crypto market, supported by technical strength in ETH’s RSI and MACD indicators. Over the past month, Ethereum has steadily climbed from the $3,200 region, gaining traction as Bitcoin’s dominance slightly eased, allowing altcoins to capture more market attention.
Crypto analyst Michaël van de Poppe noted that while ETH is in a “strong bullish period,” it is currently stalling just above an important high.
He suggests that if Bitcoin undergoes a correction, Ethereum could retrace toward the $3,700-$3,800 range, which he considers a prime accumulation zone before resuming its upward trajectory.
This key resistance level has historically acted as a launchpad for major rallies, making the next few trading sessions critical for ETH’s price direction.
If Ethereum breaks decisively above $4,300 with strong volume, a push toward $5,200-$5,250 could unfold within weeks. In a more conservative scenario, ETH may consolidate between $4,000 and $4,300 before attempting another breakout in Q4 2025. However, a sharp Bitcoin-led correction could temporarily drag ETH back toward $3,700 before resuming its climb.
With market sentiment leaning bullish and institutional interest continuing to grow, Ethereum’s next move could set the tone for the broader altcoin market heading into the year’s final quarter.
